SJVN Limited experienced a remarkable 11% surge in its stock price following the announcement of securing a massive Rs 13,000 crore pumped storage project in Mizoram. This significant achievement highlights the company’s expanding footprint in the renewable energy sector. The project, aimed at enhancing energy storage capabilities, underscores SJVN’s commitment […]
SJVN Limited experienced a remarkable 11% surge in its stock price following the announcement of securing a massive Rs 13,000 crore pumped storage project in Mizoram. This significant achievement highlights the company’s expanding footprint in the renewable energy sector. The project, aimed at enhancing energy storage capabilities, underscores SJVN’s commitment […]
Sanstar’s initial public offering (IPO) has had a successful start. Listing price: Shares listed at Rs 109 on the NSE, a 14.7% premium over the issue price of Rs 95. IPO size: Totaled Rs 510.15 crore, comprising a fresh issue and an offer for sale. Subscription: The IPO was oversubscribed […]
Sanstar’s initial public offering (IPO) has had a successful start. Listing price: Shares listed at Rs 109 on the NSE, a 14.7% premium over the issue price of Rs 95. IPO size: Totaled Rs 510.15 crore, comprising a fresh issue and an offer for sale. Subscription: The IPO was oversubscribed […]
Axis Bank is grappling with increasing credit costs due to a slower pace of loan recoveries. The bank’s gross and net NPA ratios have risen, impacting its financial outlook. This article delves into the challenges faced by Axis Bank and potential strategies to address the issue.Axis Bank forecasts increasing credit […]
The Revenue Secretary of India, Sanjay Malhotra, defended the recent budget proposal to raise the long-term capital gains (LTCG) tax on listed equities and remove indexation benefits for real estate. Increased Tax on Passive Income: Malhotra argues that a slightly higher LTCG tax on equity (from 10% to 12.5%) is […]
Indian Energy Exchange (IEX) has announced impressive financial performance for the quarter ended June 2024. Key Highlights: Net profit surged 27% YoY to Rs 96.44 crore. Revenue grew 18.75% YoY to Rs 123.5 crore. Trading volume increased 21.1% YoY to 30.4 billion units. Country’s energy consumption rose 11.2% YoY to […]
Market Trend: The Indian stock market, as represented by the Sensex and Nifty, is experiencing a downward trend. Sensex: The Sensex has lost 280 points, indicating a decline in the overall value of the 30 major stocks it comprises. Nifty: The Nifty, representing the 50 most significant companies on the […]
Sanstar is a prominent player in India’s manufacturing sector, specializing in the production of plant-based specialty products and ingredient solutions. These products find applications in various industries, including food, animal nutrition, and other industrial sectors. Core Business Manufacturing of plant-based products: Sanstar primarily focuses on producing items like liquid glucose, […]
The MTNL stock has doubled in just nine trading sessions,a performance that’s rare in the stock market. This incredible rally has been fueled by the government’s decision to deposit ₹92 crore to clear the telecom PSU’s immediate bond interest dues. Key Points: Upper Circuit Lock: MTNL’s share price has been […]